UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION




Washington,
      D.C. 20549






**FORM
      10-K**




þ  Annual
      Report Pursuant to Section 13 or 15(d)


of
      the
      Securities Exchange Act of 1934


For
      the
      Fiscal Year Ended:  March 31, 2007


or


 ̈  Transition
      Report Pursuant to Section 13 or 15(d)


of
      the
      Securities Exchange Act of 1934




Commission
      File Number: 333-126172




**Man-AHL
      130,
      LLC**


(Exact
      name of registrant as specified in its charter)




Delaware
            
            
            84-1676365(State
                or other jurisdiction of
            
            
            (I.R.S.
                Employerincorporation
                or organization)
            
            
            Identification
                No.)


c/o
      **MAN INVESTMENTS (USA) CORP.**


123
      North
      Wacker Drive, 28th Floor


Chicago,
      Illinois  60606


(Address
      of principal executive offices)




Registrant’s
      telephone number, including area
      code:   (312) 881-6800




Securities
      registered pursuant to Section 12(b) of the
      Act:   None




Securities
      registered pursuant to Section 12(g) of the
      Act:  None


(Title
                of Class)




Indicate
      by check mark if the registrant is a well-known seasoned issuer, as defined
      in
      Rule 405 of the Securities Act.    Yes
      [  ]   No [X ]




Indicate
      by check mark if the registrant is not required to file reports pursuant to
      Section 13 or Section 15(d) of the Act.    Yes
      [  ]   No [X ]




Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the registrant was required
      to file such reports), and (2) has been subject to such filing requirements
      for
      the past 90 days.   Yes [X]   No
      [  ]




Indicate
      by check mark if disclosure of delinquent filers pursuant to Item 405 of
      Regulation S-K is not contained herein, and will not be contained, to the best
      of registrant's knowledge, in definitive proxy or information statements
      incorporation by reference in Part III of this Form 10-K or any amendment to
      this Form 10-K.   [X]




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, or a non-accelerated filer.  See definition of
“accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange
      Act.  (Check one):   Large accelerated filer
      [  ]       Accelerated Filer
      [  ]                            Non-accelerated
      filer [X]




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Act).   Yes [   ]   No
      [ X ]




State
      the
      aggregate market value of the voting and non-voting common equity held by
      non-affiliates computed by reference to the price at which the common equity
      was
      last sold, or the average bid and asked price of such common equity, as of
      the
      last business day of the registrant’s most recently completed second fiscal
      quarter.




Not
      applicable.




Documents
      Incorporated by Reference




None.











PART
      I




Item
      1.   Business




(a)   General development of business




Man-AHL
      130, LLC (“Man-AHL 130”) is a Delaware limited liability company organized April
      14, 2005, pursuant to a Certificate of Formation filed with the Secretary of
      State of the State of Delaware under the Delaware Limited Liability Company
      Act,
      to engage in speculative trading in the futures, options and forward markets
      under the direction of Man-AHL (USA) Limited, a registered commodity trading
      advisor (“AHL”), and to invest a limited amount of its capital in Man-Glenwood
      Lexington, LLC and Man-Glenwood Lexington TEI, LLC (collectively, the
“Man-Glenwood Funds”), registered investment companies managed by Glenwood
      Capital Investments, L.L.C., which, in turn, invest, indirectly, in a portfolio
      of private investment funds.  On June 28, 2005, Man-AHL 130 filed a
      registration statement under the Securities Act of 1933 with the Securities
      and
      Exchange Commission, which registration statement was subsequently
      amended.  The registration statement became effective February 1, 2007
      and registered 1,000,000 units of limited liability company interest, divided
      equally between two classes (the “Units”), to be sold at an initial offering
      price of $100 per Unit through March 30, 2007 for Class A Units and through
      June
      29, 2007 for Class B Units (subject to extension until September 28, 2007)
      and,
      thereafter, at their net asset value.  These two classes are designed
      to have virtually identical trading and investment portfolios.  Class
      A Units are offered only to taxable investors, while the Class B Units are
      offered only to tax-exempt investors.  As of March 31, 2007, Man-AHL
      130 had not commenced operations.  The Units are offered through a
      number of registered broker-dealer selling agents, including Man Investments
      Inc., on a best efforts basis.  The amount of capital raised for
      Man-AHL 130 should not have a significant impact on its operations, as Man-AHL
      130 has no significant capital expenditure or working capital requirements
      other
      than to pay trading losses, brokerage fees and charges.




Man
      Investments (USA) Corp. (the “Managing Member”), a Delaware corporation, is the
      managing member of Man-AHL 130.  The Managing Member invested $10,000
      in Man-AHL 130 as a “seed capital” investment in conjunction with the formation
      of Man-AHL 130.  The Managing Member, AHL, Glenwood Capital
      Investments, L.L.C. (“Glenwood”), Man Investments Inc. (Man Investments”), and
      Man Financial Inc. and Man Financial Limited (together, “Man Financial”),
      Man-AHL 130’s futures clearing broker and foreign exchange clearing broker,
      respectively, are affiliates of Man Group plc, a public company listed on the
      London Stock Exchange (collectively, the “Man Group”).




(b)   Financial information about industry segments




Man-AHL
      130’s business constitutes only one segment, i.e., a speculative commodity
      pool.  Man-AHL 130 does not engage in sales of goods and
      services.  Financial information regarding Man-AHL 130’s business is
      set forth in Item 6 “Selected Financial Data” and in Man-AHL 130’s Financial
      Statements included in Item 8 hereof.




(c)   Narrative description of business




Man-AHL
      130 is a speculative and leveraged managed futures fund which will trade
      pursuant to the AHL Diversified Program (the “AHL Diversified Program”), with
      the objective of seeking medium- to long-term capital
      appreciation.  The AHL Diversified Program is a global managed futures
      program directed on behalf of Man-AHL 130 by AHL.  Although managed
      futures funds typically hold all of their capital in reserve to cover trading
      losses and margin their open futures and forward positions,  Man-AHL
      130 maintains approximately 70% of its capital in cash and cash equivalents
      and
      invests the remainder of its capital — approximately 30% — in the Man-Glenwood
      Funds, multi-strategy, multi-manager funds of funds which emphasize efficient
      allocation of investor capital among hedge funds and other pooled investment
      vehicles with a range of investment strategies, managed by independent
      investment managers (“Sub-Funds”).  The 30% investment in the
      Man-Glenwood Funds will be made by investing approximately 30% of Class A
      capital in Man-Glenwood Lexington, LLC and 30% of Class B capital in Class
      A
      units of Man-Glenwood Lexington TEI, LLC.  The Man-Glenwood Funds, in
      turn, allocate their capital, through an investment in Man-Glenwood Lexington
      Associates Portfolio, LLC, a registered investment company serving as a master
      investment vehicle (the “Portfolio Company”), to a portfolio of private
      investment funds.




1




The
      AHL
      Diversified Program is a global managed futures trading program that is
      systematic (*i.e.*, the AHL traders’ market judgment has little to do
      with AHL’s trading), primarily technical (*i.e.*, focusing on market
      prices rather than attempting to analyze fundamental economic data as a means
      of
      predicting prices) and primarily trend-following (*i.e.*, attempting to
      identify price trends and taking positions in direct response to such
      trends).  While AHL’s trading systems themselves are continuously
      being developed and/or adapted, the AHL trading approach leaves little room
      for
      discretionary decision-making by the AHL traders — perhaps the most important
      subjective judgment they make is whether to execute trades as a single order
      or
      as a series of different trades.




The
      AHL
      Diversified Program is quantitative and primarily directional (*i.e.*, it
      employs statistical models of market behavior in seeking to identify and take
      advantage of upward and downward price trends in the commodities
      markets).  Trading takes place 24 hours per day and real-time price
      information is used to respond to price moves across a diverse range of
      approximately 34 exchanges in 100 different global markets encompassing stock
      indices, bonds, currencies, short-term interest rates, metals, energies and
      soft
      commodities.  The AHL Diversified Program invests in a diversified
      portfolio of futures, options and forward contracts, swaps and other financial
      derivative instruments both on and off exchange.  These markets may be
      accessed directly or indirectly.




In
      addition to sector and market diversification, the AHL Diversified Program
      seeks
      to achieve diversification by combining various systems driven by computerized
      processes or trading algorithms, which sample prices in real-time and measure
      price momentum and breakouts spread over the approximately 100 markets
      traded.  The trading algorithms seek to initiate positions in trending
      markets and close out positions when a high probability exists of a different
      trend developing, although the AHL Diversified Program may include algorithmic
      systems based on certain forms of quantitative fundamental data such as
      interest-rate data.  For diversification, the AHL Diversified Program
      deploys investment capital across the full range of sectors and
      markets.  Factors determining asset allocation weightings to different
      sectors and markets are market and sector correlations, expected returns, market
      access costs and market liquidity.




Market
      volatility is one widely accepted indication of risk.  The AHL systems
      are designed to reduce the exposure of an account, such as Man-AHL 130, to
      a
      market as its volatility — and, accordingly, risk — increases.  The
      AHL Diversified Program systems, as applied, are intended to target defined
      volatility levels rather than returns, assisted by computer-supported analytical
      instruments and real-time risk control and management information
      systems.




The
      AHL
      Diversified Program uses margin and considerable leverage to reach model
      allocations.  Although there is no limit to the amount of leverage the
      AHL Diversified Program may employ, it will typically hold futures positions
      with a face amount equal to approximately 300% to 800% of Man-AHL 130’s Net
      Asset Value and typically employs 12% to 18% of an account’s nominal value
      (*i.e.*, trading level) to margin such positions.




The
      central investment philosophy is that markets are characterized by real and
      often fairly persistent pricing irregularities that are neither the result
      of
      random behavior nor the outcome of perfectly informed or rational decisions
      by
      market participants.  Powerful computerized processes or trading
      algorithms are used to sample prices in real-time, seeking to identify and
      exploit the existence of price trends.  The core trend-following
      strategies include trading approaches which are intended to close out positions
      once a trend is completed and there is a high probability of a different trend
      developing.




These
      strategies combine multiple signal generators based on various time frames,
      ranging from two to three days to several months.  AHL operates a
      number of different trend-following models.  These vary in terms of
      the data they include in attempting to identify price trends (*e.g.*,
      six-week moving average prices, daily clearing prices for the last six months,
      intra-day highs and lows) as well as in the criteria which they apply in
      identifying whether a price trend has been determined.




In
      most
      of the instruments in which Man-AHL 130 trades, AHL will apply more than one
      of
      its price trend-following identification models.  The number of
      different models applied to a particular market may depend upon how liquid
      the
      market is.  In instruments such as US Treasury bond futures, AHL can
      apply multiple models and allocate evenly between high turnover, short-term
      trend models and longer-term trend models.  In certain markets, on the
      other hand, the liquidity (and hence the availability of positions) is
      significantly more limited so that AHL is more likely to follow longer-term
      trend models.  Markets with higher liquidity and lower access costs
      can support higher trading frequencies and may receive greater allocation
      weightings in the portfolio.  The core trend-following component is
      complemented by proprietary strategies that seek to capture profits from the
      relative pricing of related positions rather than absolute price
      movements.




2


All
      the
      strategies and systems of the AHL Diversified Program are designed to target
      defined volatility levels rather than returns, and the investment process is
      underpinned by computer-supported analytical instruments and disciplined
      real-time risk and management information systems.  A proprietary risk
      measurement method similar to the industry standard “value-at-risk” helps ensure
      that the rule-based decisions that drive the investment process remain within
      predefined risk parameters.  Margin-to-equity ratios are monitored
      daily, and the level of exposure in each market is quantifiable at any time
      and
      is adjusted in accordance with market volatility.  Market correlation
      is closely monitored to prevent over-concentration of risk and ensure optimal
      portfolio weightings.  Market liquidity is examined with the objective
      of ensuring that Man-AHL 130 will be able to initiate and close out trades
      as
      indicated by AHL’s systems at market prices, while brokerage selection and trade
      execution are continually monitored with the objective of ensuring quality
      market access.




Refinements
      to the AHL Diversified Program since its development include the introduction
      of
      market volatility controls, an increase in the number and diversity of markets,
      the introduction of 24-hour trading and systems differentiation to include
      strategies that complement the main trend-following trading
      algorithms.




AHL
      may
      continue to increase the number and diversity of markets and instruments traded
      directly or indirectly by the AHL Diversified Program.




The
      Managing Member will invest approximately 30% of Man-AHL 130’s capital in the
      Man-Glenwood Funds, each a registered investment company, multi-strategy,
      multi-manager fund of funds which emphasizes efficient allocation of investor
      capital among hedge funds and other pooled investment vehicles with a range
      of
      investment strategies, managed by independent investment
      managers.  Historically, the AHL Diversified Program has required only
      approximately 10% to 20% of an account’s capital to margin the full positions
      which the AHL Diversified Program acquires for an account with 100% of such
      capital.  These low margin requirements  (typical of many
      managed futures programs) make possible Man-AHL 130’s investment of 30% of its
      capital in the Man-Glenwood Funds.  The capital represented by such
      investment would otherwise be held in reserve cash and cash equivalents in
      order
      to cover losses in the AHL Diversified Program.  The following are
      general descriptions of certain principal investment strategies represented
      in
      the Man-Glenwood Funds’ investment portfolio.




Equity
      Hedge.  Equity hedge is characterized by investment managers
      investing in domestic and international equity markets while hedging overall
      equity market risk by, for example, taking short positions in the applicable
      stock index.  By attempting to neutralize the effects of general
      equity market increases or declines on a fund’s portfolio, these traders focus
      either on individual stocks or on the relative values of stocks of different
      but
      related issuers.  Returns can be driven by fundamental or quantitative
      security selection, both within sectors or across sectors.  However,
      the portfolio is constructed so as to substantially eliminate exposure to
      general equity market price movements as opposed to the price movements of
      individual stocks.  For example, if the Dow Jones Industrial Average
      declines 10% while Ford Motor Company stocks declined only 9%, an equity hedge
      manager would hope to be able to recognize the 1% profit on the outperformance
      of Ford, while avoiding the 10% losses incurred by the market as a
      whole.




Multi-Strategy.******
      Investment managers in this style take a multi-disciplinary approach to trading
      in various markets, including equities, bonds, derivatives and
      commodities.  Strategies may include, but are not limited to, relative
      value, event-driven, equity hedge and commodity and trading
      strategies.




Event-Driven.  Investment
      managers within the event-driven strategy focus on corporate events such as
      bankruptcies, mergers, reorganizations, spin-offs, restructurings and changes
      in
      senior management that have the potential to significantly change the future
      prospects, and the future valuation, of a company.




Major
      strategies within the event-driven area are: (i) distressed securities; and
      (ii)
      mergers and reorganizations (risk arbitrage).  Investing in distressed
      securities typically involves buying or selling short securities of companies
      that are in or facing bankruptcy, reorganization or other distressed
      situations.  Mergers and reorganizations strategies typically involve
      buying or selling short securities of target and acquiring companies,
      respectively, in anticipation of a merger transaction.  In each case,
      the outcome of the financial restructuring, merger, etc. is expected materially
      to affect the value of the positions acquired.  These strategies are
      typically subject to major losses if the anticipated “event” is not
      consummated.




3




Relative
      Value.****** These investment managers attempt to
      exploit mispricings within different securities of either the same issuer or
      of
      issuers with similar fundamental characteristics.  This strategy often
      involves attempting to exploit the value of the option component embedded in
      certain securities, particularly convertible bonds.  Typical
      strategies include convertible bond arbitrage, credit arbitrage and derivatives
      arbitrage.  By “arbitrage” what is meant is that these strategies seek
      to profit from relative mispricings between, for example, a convertible bond
      and
      the common stock into which it is convertible, the subordinated and senior
      debt
      of the same or related issuer or the equity options and underlying equity of
      the
      same or related issuers.




Variable
      Equity.  These investment managers invest in domestic and
      international equity markets.  These managers will generally take
      positions both based on issuer-specific factors, and so as to reflect the
      manager’s opinions as to the likely movements of the market as a
      whole.  Returns are driven by the individual stock selection skills,
      following either fundamental or quantitative selection criteria, along with
      the
      ability to identify shifts in market direction.




Commodity
      and Trading.  Commodity trading seeks to generate profits by
      trading in markets other than equities and/or bonds.  Commodity
      trading strategies can be purely model-driven (based on systems which analyze
      historical price patterns and information), fundamentally-driven (based on
      the
      manager’s analysis of underlying economic factors) or a combination of the
      two.  Many futures trading strategies attempt to identify price trends
      and movements rather than to profit from identifying relative
      mispricings.




The
      Managing Member will receive a management fee of 1/12 of 0.75% of the Net Asset
      Value of all outstanding Units at each month-end (a 0.75% annual rate),
      calculated monthly and paid quarterly in arrears.  For managing
      Man-AHL 130’s assets pursuant to the AHL Diversified Program, Man-AHL (USA)
      Limited will receive a management fee of 1/6 of 1% of the month-end notional
      value of Man-AHL 130’s AHL account (a 2% annual rate) – approximately equal to
      Man-AHL 130’s Net Asset Value – calculated and paid as of the end of each
      calendar month and a monthly incentive fee of 20% of any “new net profit”
attributable to Man-AHL 130’s AHL account (the capital attributable to both
      Classes of Units will be traded in the same AHL account).  “New net
      profit” is the increase in the month-end net asset value of the AHL account
      (after deduction of monthly management fees, expenses and brokerage commissions
      and excluding net interest income) over the account’s highest net asset value as
      of the end of any preceding month, adjusted for capital contributions and
      withdrawals, or the commencement of trading.  Man-AHL 130’s investment
      in the Man-Glenwood Funds is subject to annual management, investor servicing
      and administrative fees and expenses equal to approximately 3% per annum of
      the
      aggregate value of Man-AHL 130’s investment in the Man-Glenwood Funds,
      calculated monthly and paid quarterly.  The investment managers of the
      Sub-Funds generally charge their Sub-Funds a management fee, generally ranging
      from 1% to 2% annually of the net assets under their management (including
      Man-AHL 130’s investment indirectly through the Portfolio Company), and some or
      all of the Sub-Fund managers will receive performance or incentive allocations
      generally expected to range from 15% to 25% of net profits annually or
      quarterly, although on occasion these fees and/or allocations may be
      higher.




Man-AHL
      130’s organizational and initial offering costs were paid by the Managing
      Member, or an affiliate, without reimbursement from Man-AHL 130 or its
      Unitholders.  Man-AHL 130 will pay the routine costs of executing and
      clearing Man-AHL 130’s trades, administrative expenses, including costs incurred
      in connection with the continuing offering of Man-AHL 130’s Units, and any
      extraordinary expenses which it may incur.




Man-AHL
      130 has entered into an administration agreement with SEI Global Services,
      Inc.,
      an independent third party administrator (the “Administrator”), to provide
      various services (such as administration, accounting, valuation, tax reporting
      and investor services) at competitive rates.  Total administrative
      expenses of Man-AHL 130 in excess of 1/12 of 0.50% of each month-end Net Asset
      Value (approximately 0.50% of Net Asset Value per annum) during the first 24
      months following the commencement of Man-AHL 130’s operations will be paid by,
      or reimbursed to Man-AHL 130 by, the Managing Member or an
      affiliate.  Thereafter, expenses in excess of such 0.50% per annum
      level will be payable by Man-AHL 130, but may be paid by the Managing Member
      in
      its discretion.




4




Man
      Financial Inc. acts as the futures brokers for Man-AHL 130 and Man Financial
      Limited executes and clears Man-AHL 130’s currency forward
      trades.  Man-AHL 130 pays “bid asked” spreads on its forward trades,
      as such spreads are incorporated into the pricing of forward
      contracts.




Man-AHL
      130 is open-ended and may offer Units at net asset value as of the first day
      of
      each month.  Unitholders may redeem Units upon as of the end of any
      calendar quarter, upon 45 days’ prior written notice to the Managing
      Member.  In order to pay redemption proceeds, it may be necessary for
      Man-AHL 130 to tender for repurchase a portion of its investment in the
      Man-Glenwood Funds.  Man-AHL 130 will attempt to have such investment
      repurchased through the Man-Glenwood Funds’ quarterly tender
      process.  Redemption proceeds will generally be paid within 45 days
      after the quarter-end of redemption.  If quarter-end redemptions are
      requested for more than 15% of Man-AHL 130’s total then-outstanding Units, each
      redemption request will be reduced *pro rata* so that only 15% of Man-AHL
      130’s total then-outstanding Units are redeemed.  Units not redeemed
      due to the reduction of a redemption request will remain subject to increase
      or
      decrease in value as a result of Man-AHL 130’s trading
      activities.   Redeeming Unitholders will be notified if
      redemption requests for any given quarter-end are likely to be *pro
      rated* in order to comply with such 15% limitation, and will be given an
      opportunity to withdraw their redemption requests.




Man-AHL
      130’s cash and cash equivalent investments are used by Man-AHL 130 to engage in
      its trading activities and as reserves to support that
      trading.  Man-AHL 130’s assets deposited with Man Financial Inc. as
      margin are maintained in “customer segregated funds accounts” or “foreign
      futures and foreign options secured amount accounts” as required by Commodity
      Futures Trading Commission regulation.  Assets not deposited as margin
      or invested in the Man-Glenwood Funds are maintained in accounts with Man
      Financial Limited as collateral in connection with Man-AHL 130’s foreign
      currency forward trading or with third party banks in the name of Man-AHL
      130.  The Managing Member believes that, if need be, Man-AHL 130’s
      investment in the Man-Glenwood Funds can be liquidated through the Man-Glenwood
      Funds’ quarterly tender process to support Man-AHL 130’s AHL Diversified Program
      trading.




Man-AHL
      130 does not engage in lending (other than through permitted securities
      investments).  The Managing Member does not anticipate making any
      distributions of profits, if any.




Regulation




Under
      the
      Commodity Exchange Act, as amended (the “CEA”), commodity exchanges and futures
      trading are subject to regulation by the Commodity Futures Trading Commission
      (the “CFTC”).  National Futures Association (“NFA”), a “registered
      futures association” under the CEA, is the only non-exchange self-regulatory
      organization for futures industry professionals.  The CFTC has
      delegated to NFA responsibility for the registration of “commodity trading
      advisors,” “commodity pool operators,” “futures commission merchants,”
“introducing brokers” and their respective associated persons and “floor
      brokers” and “floor traders.”  The CEA requires commodity pool
      operators, such as the Managing Member, and commodity trading advisors, such
      as
      AHL, and commodity brokers or futures commission merchants, such as Man
      Financial Inc. to be registered and to comply with various reporting and record
      keeping requirements.  The CFTC may suspend a commodity pool
      operator’s or trading advisor’s registration if it finds that its trading
      practices tend to disrupt orderly market conditions or in certain other
      situations.  In the event that the registration of the Managing Member
      as a commodity pool operator or AHL’s registration as a commodity trading
      advisor were terminated or suspended, termination of Man-AHL 130 might
      result.




In
      addition to such registration requirements, the CFTC and certain commodity
      exchanges have established limits on the maximum net long or net short position
      which any person may hold or control in particular commodities.  Most
      exchanges also limit the changes in futures contract prices that may occur
      during a single trading day.   Currency forward contracts are not
      subject to regulation by any United States Government agency.




(i)   through
      (xii) - not applicable.






5




(xiii)   Man-AHL
      130 has no employees.




(d)   Financial
      information about geographic areas




Man-AHL
      130 does not engage in material operations in foreign countries (although it
      does trade in foreign currency forward contracts and on foreign futures
      exchanges), nor is a material portion of its revenues derived from foreign
      customers.




(e)   Available
      information




Not
      applicable.




Item
      1A.   Risk Factors




**You
      May Lose Your Entire Investment**.  Man-AHL 130 is speculative
      and involves a high degree of risk. None of Man-AHL 130's strategies is assured
      of being profitable (unlike many traditional investment approaches which seek
      to
      participate in the growth of the economy over time, Man-AHL 130's strategies
      are
      trading strategies which, if incorrect in the positions they acquire, can lose
      money under any circumstances). The AHL Diversified Program attempts to
      recognize and capitalize on price trends, taking substantial positions which
      will incur major losses if the price trends are incorrectly identified or
      unexpectedly reverse. Similarly, the Sub-Funds in which the Man-Glenwood Funds
      invest, through the Portfolio Company, each implement strategies subject to
      different orders of market risk, including price movements, changes in
      volatility and interest-rate fluctuations. Investors must be prepared to lose
      all or substantially all of their investment in Man-AHL 130.




**Man-AHL
      130 uses leverage, which increases risk.**  The AHL Diversified
      Program trades at a substantial degree of leverage, acquiring futures and
      forward contracts with a face amount of approximately 300% to 800% of Man-AHL
      130's Net Asset Value. The Man-Glenwood Funds currently leverage their
      investment in the Sub-Funds to approximately 120% of each Man-Glenwood Fund's
      net assets.  Leverage increases the risk of loss as well as
      performance volatility and transaction costs (including additional interest
      expenses).




**Man-AHL
      130 is the first public futures fund sponsored by the Managing
      Member**.  The Managing Member has never previously sponsored a
      public futures fund in the United States. The past performance of the Man
      Group's other investment funds and products is not necessarily indicative of
      the
      future success of Man-AHL 130.




**Man-AHL
      130 has no operating history.**  Man-AHL 130 is newly-formed
      and has no operating history.  The past performance of the AHL
      Diversified Program and the Man-Glenwood Funds is not necessarily indicative
      of
      how they will perform in the future.




**"Risk
      of ruin."**  While volatility is a widely accepted measure of
      the risk of a traditional debt or equity investment, it is also widely accepted
      that volatility does not fully reflect the risk of trading-based (as opposed
      to
      traditional "buy and hold") strategies in that these strategies are subject
      --
      due to market disruption, illiquidity, "credit squeezes" and a variety of other
      factors -- to incurring sudden and unprecedented losses. One of the best-known
      alternative investment strategy funds had virtually no downside volatility
      until
      it lost all of its equity in the course of two months. Man-AHL 130, in addition
      to being likely to have volatile performance, will also be subject to this
      "risk
      of ruin."




**Man-AHL
      130's performance is expected to be volatile.**  Futures and
      forward markets are volatile, and Man-AHL 130 may suffer sudden and substantial
      losses from time to time. Futures and forward prices are affected by complex
      and
      often unpredictable factors such as severe weather, governmental actions and
      other economic or political events. In fact, certain events -- for example,
      international terrorist acts and political turmoil -- may cause a large number
      of the highly-leveraged positions held by AHL to move in the same direction
      at
      or about the same time. The low margin deposits normally required in futures
      trading permit a high degree of leverage so that even small price movements
      in
      Man-AHL 130's futures positions can result in significant changes in the value
      of those positions. Accordingly, the day-to- day value of the Units will be
      variable and uncertain. The Net Asset Value of the Units may change materially
      between the date you subscribe and the date Units are issued to you or the
      date
      on which you request a redemption and the quarter-end redemption
      date.




6




**Man-AHL
      130's substantial fees and expenses will cause losses unless offset by profits
      and interest income.**  Man-AHL 130 is subject to substantial
      fees and expenses.  These fees and expenses are "layered": Man-AHL
      130, the AHL Diversified Program, the Man-Glenwood Funds and the Sub-Funds
      are
      each subject to their own level of fees. These fees and expenses are materially
      increased in comparison to the equity in Man-AHL 130 due to the leverage at
      which it trades. The AHL Diversified Program taking futures positions at 600%
      of
      Man- AHL 130's net equity, for example, results in correspondingly increased
      transaction costs as compared to those which would be incurred were Man-AHL
      130
      to acquire futures positions equal to its net equity. The AHL Diversified
      Program's and the Man-Glenwood Funds' fees and expenses must be offset by
      trading profits and interest income to avoid losses. Furthermore, any profits
      earned by the AHL Diversified Program or the Sub-Funds will be subject to
      performance compensation due to AHL or to the Sub-Fund managers.




**An
      investment in Man-AHL 130 is not a liquid investment.**  No
      public or other market will develop for the Units. You must bear the economic
      risk of your investment until you are able to redeem your
      Units.  Units may only be redeemed as of any calendar quarter-end upon
      45 days' notice (subject to the limitation that redemptions of Man-AHL 130's
      outstanding Units as of any given calendar quarter-end may not exceed 15% of
      the
      total Units then outstanding). A Unit's redemption price will be its Net Asset
      Value on the redemption date, not on the date by which irrevocable notice of
      redemption must be given to Man-AHL 130.  Because the Units cannot be
      readily liquidated, it may be impossible for investors to limit losses or
      realize accrued gains.




**Substantial
      redemptions may cause Man-AHL 130 to incur
      losses**.  Substantial redemptions of Units within a limited
      period of time, even though limited to 15% of Man-AHL 130's total outstanding
      Units as of any calendar quarter-end, could disrupt Man-AHL 130's portfolio,
      resulting in losses. Being required to liquidate positions -- especially in
      unfavorable market conditions -- could require Man-AHL 130 to liquidate at
      disadvantageous prices positions which AHL would otherwise have maintained,
      impairing the future profit potential of Man-AHL 130 as well as perhaps
      resulting in immediate losses. In the event that Man-AHL 130 receives redemption
      requests in excess of such 15% limitation for eight consecutive quarters,
      Man-AHL 130 will cease its trading and investment activities, and will terminate
      as promptly as possible and distribute its assets to investors.




**Man-AHL
      130 is subject to conflicts of interest.**  The investment,
      management, brokerage and sales activities of the Managing Member and its
      affiliates give rise to conflicts of interest that may disadvantage Man-AHL
      130.
      Many of the direct and indirect service providers to Man-AHL 130 (excluding
      the
      managers of the Sub-Funds and the Administrator) are members of the Man Group
      and will remain so, even if using other, non-affiliated, service providers
      might
      be better for Man-AHL 130. As a result of the conflicts of interest in members
      of the Man Group serving in multiple capacities with respect to Man-AHL 130,
      AHL
      and the Man-Glenwood Funds, many of the service provider arrangements have
      not
      been negotiated at arm's length, may not be at the lowest rates or terms
      otherwise available and will not be terminated even should more advantageous
      arrangements become available.




**The
      Managing Member has not established formal procedures to resolve conflicts
      of
      interest.**  Because the Managing Member has not established
      any formal procedures for resolving conflicts of interest, you will be dependent
      on the good faith of the conflicted parties to resolve their conflicts
      equitably.  There can be no assurance that conflicts of interest will
      not result in losses for Man-AHL 130. AHL will, for example, have an incentive
      to trade more frequently than it otherwise might due to an affiliate of AHL
      acting as clearing broker for Man-AHL 130. Furthermore, the Managing Member
      will
      not replace AHL as the futures manager for Man-AHL 130 nor the Man-Glenwood
      Funds as Man-AHL 130's non-cash equivalent reserve asset investment, even if
      other such managers or investments might be more advantageous for Man-AHL
      130.




**Man-AHL
      130's investment in the Man-Glenwood Funds may incur
      losses**.  The Sub-Funds may employ speculative trading
      strategies, including selling securities short and trading in derivatives,
      including swaps, over-the- counter ("OTC") options and asset-backed securities,
      or investing in non- marketable securities. Short selling exposes the seller
      to
      unlimited risk due to the lack of an upper limit on the price to which a
      security may rise. Derivatives prices may be volatile and there are
      uncertainties as to how derivatives markets will perform during periods of
      market instability or credit distress. Non-marketable securities may be
      difficult to value and may not be easily disposed of when declining in value.
      Although the Man-Glenwood Funds are designed as multi-manager, multi-strategy
      fund of funds investments, under certain market conditions many of the
      Sub-Funds, in which the Man-Glenwood Funds invest through the Portfolio Company,
      could incur losses at or about the same time.  The Man-Glenwood Funds
      might also refuse to offer or process repurchase tenders.




7




**Changes
      in regulatory requirements may be adverse to Man-AHL
      130.**  The regulation of US and non-US futures funds such as
      Man-AHL 130 has undergone substantial change in recent years, and such change
      may continue for the foreseeable future. In the past there have, for instance,
      been initiatives by certain governmental and/or political bodies to attempt
      to
      restrict the amount of speculative trading permitted in certain currencies
      and
      staples such as power and oil. The effect of regulatory change on Man-AHL 130,
      while impossible to predict, could be substantial and adverse. For example,
      certain regulatory changes have made the OTC derivatives markets significantly
      more available to small investors. This could disrupt historical price patterns
      to the detriment of AHL's trading systems (based on historical market data).
      The
      SEC adopted regulations requiring substantially all "hedge fund" managers to
      register as "investment advisers" (the "Registration Rule") under the Investment
      Advisers Act of 1940, as amended. In June 2006, a federal appeals court vacated
      the Registration Rule and the SEC has decided not to pursue a rehearing or
      seek
      appellate review. However, the Registration Rule granted an exemption from
      registration pursuant to which a "hedge fund" manager could avoid registration
      in situations where it "locks up" (for a period of greater than two years)
      any
      capital contributed by investors. A significant number of Sub-Fund managers
      which might otherwise have been available to the Man-Glenwood Funds may have
      relied on this exemption from registration and although the Registration Rule
      has been vacated, there can be no assurance that such Sub-Fund managers will
      liberalize their liquidity terms and thus the Man-Glenwood Funds' portfolios
      may
      either exclude such Sub-Fund or have less liquidity than they otherwise would.
      In any case, the SEC, Congress, state legislatures, state securities
      administrators, as well as governing bodies of non-US jurisdictions could seek
      to impose greater regulation on the "hedge fund" industry in the future. It
      is
      impossible to predict what, if any, changes in the regulations applicable to
      Man-AHL 130, the Managing Member, AHL, Glenwood, the AHL Diversified Program,
      the Man-Glenwood Funds, the Sub-Fund managers, the markets in which they trade
      and invest or the counterparties with which they do business may be instituted
      in the future.  Any such regulation could have a material adverse
      impact on the profit potential of Man-AHL 130.




**The
      AHL incentive fee calculation may not reflect your investment
      experience.**  The incentive fees payable to AHL will be
      calculated based on Man-AHL 130's overall investment in the AHL Diversified
      Program, irrespective of when individual investors invest in Man-AHL 130.
      Consequently, the AHL incentive fees calculated in respect of Man-AHL 130's
      AHL
      Diversified Program account may not be reflective of the investment experience
      of certain Unitholders. In addition, the AHL incentive fees will not be affected
      by losses on Man-AHL 130's investment in the Man-Glenwood Funds. Finally,
      because the AHL incentive fees are calculated on a monthly basis, AHL could
      receive substantial incentive fees from Man-AHL 130 during a year even though
      Man-AHL 130's investment with AHL for such year was unprofitable.  The
      Sub-Funds will charge incentive fees based on their individual performance,
      irrespective of the overall performance of the Man-Glenwood Funds.




**Man-AHL
      130 could lose assets and have its trading disrupted due to the bankruptcy
      of
      its commodity broker, counterparties or others.**  Man-AHL 130
      is subject to the risk of clearing broker, exchange, clearinghouse, or trading
      counterparty insolvency. Especially in AHL's OTC derivatives trading, Man-AHL
      130 will be dealing with substantially unregulated entities and without the
      protection of a clearinghouse supporting the obligations of such counterparties
      under their respective trades. Man-AHL 130 assets could be lost or impounded
      during lengthy bankruptcy proceedings. Were a substantial portion of Man-AHL
      130's assets to be tied up in a bankruptcy, the Managing Member might suspend
      or
      limit the trading activities of Man-AHL 130, perhaps resulting in missed profit
      opportunities.




**Trading
      on foreign exchanges presents greater risk than trading on US
      exchanges.**  Man-AHL 130 will trade on commodity exchanges
      outside the United States. Trading on foreign exchanges is not regulated by
      any
      United States governmental agency and may involve certain risks that do not
      arise when trading on United States exchanges. For example, an adverse change
      in
      the exchange rate between the United States dollar and the currency in which
      a
      non-US futures contract is denominated would reduce the profit or increase
      the
      loss on a trade in that contract. Trading on foreign exchanges also presents
      risks of loss due to: (i) the possible imposition of exchange controls, which
      could make it difficult or impossible for Man-AHL 130 to repatriate some or
      all
      of its assets held by non-US counterparties; (ii) possible government
      confiscation of assets; (iii) taxation; (iv) possible government disruptions,
      which could result in market closures and thus an inability to exit positions
      and repatriate Man-AHL 130 assets for sustained periods of time, or even
      permanently; and (v) limited rights in the event of the bankruptcy or insolvency
      of a foreign broker or exchange resulting in a different and possibly less
      favorable distribution of the bankrupt's assets than would occur in the United
      States.  Many foreign regulatory systems do not assure all market
      participants equal access to transactions to the same extent as the US
      regulations, and Man-AHL 130 -- as a non-local speculative trading vehicle
      --
      may be denied opportunities to which, in the United States, it would have access
      as a matter of right.




8




**The
      absence of regulation in certain markets could expose Man-AHL 130 to significant
      loss.**Many of AHL's, as well as the Sub-Funds', transactions will be
      executed in the OTC, unregulated markets.  There is no way to
      determine fair pricing or prevent business abuses in unregulated
      markets.  Furthermore, unlike on exchanges, participants in the OTC
      markets have no obligation to make a market in any of the instruments traded.
      The absence of regulation in such markets could expose Man-AHL 130 to
      significant losses.  Various national governments have expressed
      concern regarding the need to regulate the "derivatives" markets in general.
      Future regulatory changes may limit Man-AHL 130's ability to trade in certain
      markets.




**Exchange-rate
      risk.**  Man-AHL 130 is denominated in US dollars. AHL will
      both trade currencies and trade in other assets denominated in currencies other
      than the US dollar. Man-AHL 130 will be subject to the general risk of adverse
      fluctuations in exchange rates between the currencies being traded by Man-AHL
      130 and the US dollar as well as to the risk that in trading in assets
      denominated in currencies other than the US dollar, the value of Man-AHL 130's
      positions will be adversely affected by changes in the exchange rate between
      the
      functional currency of such positions and the US dollar. The Man-Glenwood Funds
      will also be subject to a certain level of exchange-rate risk on their
      investments in the Sub-Funds, which may be denominated in currencies other
      than
      US dollars and a number of which will trade currencies or investment assets
      denominated in currencies other than the US dollar.




**Lack
      of price trends will cause losses; there have been sustained periods of time
      with insufficient price trends for the AHL Diversified Program to trade
      profitably.  The Managing Member expects that there will be similar
      periods in the future.**  Trend-following futures and forward
      trading systems such as the AHL Diversified Program generally anticipate that
      most of their positions will be unprofitable; they are dependent on major gains
      in a limited number of positions for overall success. Accordingly, Man-AHL
      130
      cannot trade profitably unless there are major price trends in at least some
      of
      the markets it trades. Moreover, the price trends must be of a type that the
      AHL
      models can identify. In the past there have been sustained periods of time
      without significant market trends. During such periods, Man-AHL 130 can be
      expected to incur substantial losses.  Market conditions may result in
      which prices move rapidly in one direction, then reverse and then reverse again.
      In such "whipsaw" markets, AHL may establish positions for Man-AHL 130 on the
      basis of incorrectly identifying the rapid movement or reversal as a trend,
      resulting in substantial losses.  In trendless markets, there is
      little chance that the AHL Diversified Program will be profitable.




**AHL's
      trading decisions are based on technical systems, not on an analysis of economic
      factors, and may be less responsive to continuously changing
      markets.**  AHL's trading decisions generally are not
      determined by analysis of fundamental supply and demand factors, general
      economic factors or anticipated world events, but rather by technical trading
      systems based on historical price data. Technical trading systems are premised
      on the concept that market prices reflect the results of numerous market
      participants' assessment of the value of the instruments being traded. This
      approach does not incorporate the possibility that basic economic factors may
      cause market prices not to reflect true value, and moreover must assume that
      historical price trends are relevant information to predicting prices in current
      markets (whereas, in fact, the markets and market participants are continuously
      changing). In markets in which fundamental factors dominate, for example, a
      pending political or economic event, AHL will maintain the positions indicated
      by its technical systems, which may incur substantial losses if particular
      fundamental events occur.




**Increased
      competition among trend-following traders could reduce AHL's
      profitability.**  The Managing Member believes that there has
      been, over time, a substantial increase in interest in technical trading
      systems, particularly trend-following systems. As the assets under the
      management of trading systems based on the same general principles increase,
      an
      increasing number of traders may attempt to initiate or liquidate substantial
      positions at or about the same time as AHL, or otherwise alter historical
      trading patterns or affect the execution of trades, to the significant detriment
      of Man-AHL 130.  For example, in the early 1990s a number of currency
      traders left major banks and began implementing their individual currency
      trading strategies. This resulted in several long-established technical currency
      traders discontinuing operations as the price patterns which their systems
      had
      been designed to identify were disrupted by the substantial new order flow
      into
      the markets.




9




**AHL
      has no control over the market conditions which will dominate AHL'S
      results.**  Although the AHL Diversified Program is as likely
      to be profitable as unprofitable in up or down markets, there is some tendency
      for managed investment products such as Man-AHL 130 -- particularly those
      managed by systematic, trend-following advisors -- to perform similarly during
      the same or approximately the same periods. Prospective investors must recognize
      that, irrespective of the skill and expertise of AHL, the success of Man-AHL
      130
      may be substantially dependent on general market conditions -- not necessarily
      the same market conditions which would already affect the stock and bond markets
      but, for example, trendless periods in the futures markets -- over which AHL
      has
      no control.




**Reliance
      on a single futures trading strategy creates exposure to the risk of
      obsolescence of that strategy.**  Man-AHL 130's direct managed
      futures component represents a commitment solely to the AHL Diversified Program
      -- a single manager, single strategy allocation. Any single strategy involves
      risk, and that risk may be heightened in the context of managed futures
      strategies due to their need to continually develop and adapt their strategies
      to changing market conditions and historical price
      information.  Reliance on a single manager and strategy incurs the
      risk of the single manager's strategy becoming outdated, as well as the risk
      of
      other adverse events affecting such single manager or strategy.




**Possible
      effects of speculative position limits.**  Certain futures
      contracts traded by AHL -- principally agricultural futures traded on US
      exchanges -- are subject to speculative position limits restricting the maximum
      position which speculative traders (such as Man-AHL 130) may acquire.
      Furthermore, these limits will be applied aggregating all AHL accounts, not
      solely Man-AHL 130's. In certain circumstances, these speculative position
      limits may prohibit AHL from acquiring positions which it would otherwise have
      believed to be in the best interest of Man-AHL 130.




**Possible
      effects of daily price fluctuation limits.**  Certain futures
      contracts traded by AHL -- again, principally agricultural futures contracts
      traded on US exchanges -- are subject to daily price fluctuation limits
      restricting the maximum amount by which the price of a contract can vary during
      a given trading day. Once the price has moved the "daily limit," it may be
      economically infeasible to close out positions against which the market is
      moving, resulting in AHL being unable to limit losses incurred on certain
      positions held by Man-AHL 130.




**Man-AHL
      130 is unlikely to realize its potential except in the medium- to
      long-term.**  The nature of AHL's trend-following trading
      strategies, as well as the diverse alternative investment strategies used in
      managing the Sub-Funds, indicates that an investor must be prepared to be
      invested in Man-AHL 130 for a significant period of time in order to give the
      investment a realistic opportunity to achieve its objective. In the event of
      unexpected change in an investor's financial circumstances or if unexpected
      financial needs arise, an investor may be compelled to redeem from Man-AHL
      130
      at an inopportune time.




Item
      1B.   Unresolved Staff Comments.




Not
      applicable.




Item
      2.   Properties




Man-AHL
      130 does not own or use any physical properties in the conduct of its
      business.  The Managing Member and various service providers perform
      services for Man-AHL 130 from their offices.




Item
      3.   Legal Proceedings




The
      Managing Member is not aware of any pending legal proceedings to which either
      Man-AHL 130 is a party or to which any of its assets are subject.  In
      addition there are no pending material legal proceedings involving the Managing
      Member.




10




Item
      4.   Submission of Matters to a Vote of Security
      Holders




None.




PART
      II




Item
      5.   Market for the Registrant’s Common Equity and


Related Stockholder Matters




(a)   Market Information.




There
      is
      no trading market for the Units, and none is likely to develop.  Units
      may be redeemed upon  45  days’ written notice to the Managing
      Member at their net asset value as of the last day of any calendar quarter;
      provided, however, if quarter-end redemptions are requested for more than 15%
      of
      Man-AHL 130’s total then-outstanding Units, each redemption request will be
      reduced *pro rata* so that only 15% of Man-AHL 130’s total
      then-outstanding Units are redeemed.  In the event that Man-AHL 130
      receives redemption requests in excess of the 15% limitation for eight
      consecutive quarters, Man-AHL 130 will cease its trading and investment
      activities and will terminate as promptly as possible.




(b)   Holders.




As
      of
      March 31, 2007, Man-AHL 130 had not commenced operations nor issued any Units,
      although the Managing Member held a $10,000 “seed capital” investment in Man-AHL
      130.  As of June 1, 2007, there was 1 holder of  Class A
      Units.




(c)   Dividends.




No
      distributions or dividends have been made on the Units, and the Managing Member
      has no present intention to make any.




(d)   Securities
      Authorized for Issuance Under Equity Compensation Plans.




None.




(e)   Recent
      Sales of Unregistered Securities; Use of Proceeds from Registered
      Securities.




The
      Managing Member invested $10,000 of "seed capital" in Man-AHL 130 on May 10,
      2005.




(f)   Use
      of Proceeds.




The
      use
      of proceeds information is being disclosed for Registration Statement No.
      333-126172 declared effective on February 1, 2007, registering 500,000 Class
      A
      and 500,000 Class B Units of limited liability company interest for sale at
      an
      initial offering price of $100 per Unit.  The offering of the Units
      commenced on or about March 13, 2007 and Units are offered as of the beginning
      of each calendar month on a continuous basis. The offering has not
      terminated.  As of March 31, 2007, Man AHL-130 had not received
      proceeds from the offering of its Units nor had any expenses been incurred
      for
      the account of Man-AHL 130.




(g)   Issuer
      Purchases of Equity Securities.




Pursuant
      to Man-AHL 130’s Limited Liability Company Agreement, Unitholders may redeem
      their Units at the end of each calendar quarter at the then current quarter-end
      Net Asset Value per Unit.  If quarter-end redemptions are requested
      for more than 15% of Man-AHL 130’s total then-outstanding Units, each redemption
      request will be reduced *pro rata* so that only 15% of Man-AHL 130’s
      total then-outstanding Units are redeemed.  In order to pay redemption
      proceeds, it may be necessary for Man-AHL 130 to tender for repurchase a portion
      of its investment in the Man-Glenwood Funds.  Each Man-Glenwood Fund
      generally withholds 5% of the proceeds of a total repurchase from such
      Man-Glenwood Fund until the completion of the Man-Glenwood Fund’s annual
      audit.  The amount withheld from a total repurchase by Man-AHL 130
      from the Man-Glenwood Funds will be approximately 1.5% of a Unitholder’s total
      investment.  Rather than withhold redemption proceeds from Unitholders
      redeeming Units, however, the Managing Member intends to pay the full redemption
      amount due to redeeming Unitholders and the amount subsequently paid to Man-AHL
      130 by the Man-Glenwood Funds from the amount withheld will be a general asset
      of Man-AHL 130.  Other than any affect of the foregoing, the
      redemption of Units has no impact on the value of Units that remain
      outstanding.  Units are not reissued once redeemed.




11




Item
      6.   Selected Financial Data




The
      following is a summary of operations for the fiscal year ending March 31, 2007
      and for the period April 14, 2005 (date of inception) through March 31, 2006
      and
      total assets of Man-AHL 130 at March 31, 2007 and 2006.  Man-AHL 130
      had not yet commenced trading operations at March 31, 2007.





For
                the Year Ended
              March
                31, 2007
            For
                the period April
              14,
                2005 (date of
              inception)
                through
              March
                31, 2006Investment
                income
            $--
            --Expenses:
            --
            --Net
                investment income
            $--
            $--Realized
                and unrealized gain on investments:
            --
            --Net
                income:
            $--
            $--Total
                assets
            $10,000
            $10,000Member’s
                Equity
            $10,000
            $10,000





Item
      7.   Management’s Discussion and Analysis of Financial


Condition and Results of Operations




Man-AHL
      130 had not yet commenced trading operations during the period ending March
      31,
      2007. Therefore, there were no material operations on which to
      report.




Prospective
      Operations




Man-AHL
      130 is a speculative managed futures fund which will trade pursuant to the
      AHL
      Diversified Program.




The
      AHL
      Diversified Program is a futures and forward price trend-following, trading
      system.  The AHL Diversified Program is entirely quantitative in
      nature and implements trading positions on the basis of statistical analyses
      of
      past price histories.




The
      AHL
      Diversified Program, like most trend-following systems, is designed in the
      anticipation that most of its trades will be unprofitable; the objective of
      overall profitability depending on the system identifying certain major trends
      which occur and recognizing significant profits from participating in such
      trends.




The
      past
      performance of the AHL Diversified Program is not necessarily indicative of
      its
      future results.  This is the case with all speculative trading
      strategies.  Moreover, the markets in which the AHL Diversified
      Program is active have seen major changes in recent years, including the influx
      of entirely different classes of market participants.  These changed
      circumstances may mean that the markets in which AHL has previously traded
      are
      not necessarily representative of those in which it will trade on behalf of
      Man-AHL 130.




12




Futures
      trading programs are proprietary and confidential.  Investors, in
      investing in Man-AHL 130, must recognize that they are essentially committing
      capital to a “black box” trading strategy.  There is no way to predict
      how the AHL Diversified Program will perform in the future, and if it does
      not
      perform successfully, investors may lose all or substantially all of their
      investment.




As
      a
      speculative futures fund, Man-AHL 130 effectively maintains all of its capital
      in reserve.  Man-AHL 130 does not “buy” or “sell” futures or forward
      contracts in the traditional sense; rather, through taking positions in these
      markets, Man-AHL 130 acquires loss/profit exposure and uses its capital to
      cover
      losses and provide margin (which constitutes a good faith deposit towards
      Man-AHL 130’s obligation to pay such losses) to support its open
      positions.  Man-AHL 130 will maintain most of its capital in cash and
      cash equivalents.




Capital
      Resources




Due
      to
      the low margins required to support futures and forward trading, only
      approximately 10% to 20% of the capital of a managed futures fund such as
      Man-AHL 130 is needed to margin its positions.  Man-AHL 130 will hold
      most of its capital in cash and cash equivalents while investing approximately
      30% of such capital in the Man-Glenwood Funds, both for profit potential and
      diversification purposes.  Man-AHL 130’s investment in the
      Man-Glenwood Funds cannot be used to margin its futures trading and would be
      liquidated to the extent that the Managing Member was able to do so and deemed
      it advisable to do so to support Man-AHL 130’s futures trading.  There
      can be no assurance that Man-AHL 130 will maintain any investment in the
      Man-Glenwood Funds.  The Managing Member is under no obligation to
      maintain Man-AHL 130’s investment in the Man-Glenwood Funds, and may reduce or
      eliminate such investment at any time through the Man-Glenwood Funds’ quarterly
      tender process.




Man-AHL
      130, not being an operating company, does not incur capital
      expenditures.  It functions solely as a passive trading vehicle, and
      after its initial allocation to the AHL Diversified Program and the Man-Glenwood
      Funds, its remaining capital resources are used only as assets available to
      provide variation margin and pay expenses and trading losses incurred on Man-AHL
      130’s AHL Diversified Program account, as well as invest in the Man-Glenwood
      Funds to maintain appropriate exposure.




Liquidity




The
      AHL
      Diversified Program generally maintains highly liquid positions, and the assets
      held by Man-AHL 130 to support AHL’s trading are cash or highly-liquid Treasury
      bills, deposit accounts or other cash equivalents.




Man-AHL
      130 will invest a limited portion of its capital in the Man-Glenwood
      Funds.  Because the Man-Glenwood Funds are closed-end registered
      investment companies, members of the Man-Glenwood Funds do not have the right
      to
      require the Man-Glenwood Funds to repurchase any or all of their
      units.  To provide a limited degree of liquidity to investors, the
      Man-Glenwood Funds offer quarterly liquidity through discretionary tender offers
      for their units pursuant to written tenders.  Repurchases will be made
      at such times, in such amounts, and on such terms as may be determined by the
      Man-Glenwood Funds’ boards, in their sole discretion.  Under certain
      circumstances, such tender offers may not occur as scheduled or may not be
      sufficient to satisfy the full amount requested to be repurchased by Man-AHL
      130.  However, the Man-Glenwood Funds’ component of Man-AHL 130’s
      portfolio represents an allocation of only 30% of Man-AHL 130’s capital, and the
      Managing Member believes that any delays in receiving repurchase payments from
      the Man-Glenwood Funds are unlikely to adversely affect Man-AHL 130’s
      operations.




13




The
      Managing Member does not anticipate the need for additional sources of
      liquidity, given that approximately 70% of Man-AHL 130’s capital is held in cash
      and highly liquid cash equivalents, and, if necessary, Man-AHL 130 is expected
      to be able to liquidate part of its investment in the Man-Glenwood Funds through
      the Man-Glenwood Funds’ quarterly tender process.




Accounting
      Principles




Man-AHL
      130 will record its transactions in futures and forward contracts, including
      related income and expenses, on a trade-date basis.  Open futures
      contracts traded on an exchange will be valued at market, which is based on
      the
      closing settlement price on the exchange where the futures contract is traded
      by
      Man-AHL 130 on the day with respect to which Man-AHL 130’s Net Asset Value is
      being determined.  Open forward contracts and other derivatives traded
      on the interbank market will be valued at their settlement price on the day
      with
      respect to which Man-AHL 130’s Net Asset Value is being determined.




Man-AHL
      130 will value its investment in the Man-Glenwood Funds at its net asset value,
      which approximates fair value, as provided by the Man-Glenwood
      Funds.




The
      preparation of financial statements in conformity with accounting principles
      generally accepted in the United States of America requires management to make
      estimates and assumptions, such as accrual of expenses, that affect the amounts
      and disclosures reported in the financial statements.  Based on the
      nature of the business and operations to be engaged in by Man-AHL 130, the
      Managing Member believes that the estimates it will use in preparing Man-AHL
      130’s financial statements will be appropriate and reasonable; however, actual
      results could differ from the estimates.  The estimates to be used
      will not provide a range of possible results that would require the exercise
      of
      subjective judgment.  The Managing Member further believes that, based
      on the nature of the business and operations to be engaged in by Man-AHL 130,
      no
      other reasonable assumptions relating to the application of Man-AHL 130’s
      critical accounting estimates other than those to be used would likely result
      in
      materially different amounts from those that will be reported.




Off-Balance
      Sheet Arrangements




Man-AHL
      130 will not engage in off-balance sheet arrangements with other
      entities.




Contractual
      Obligations




Man-AHL
      130 will not enter into contractual obligations or commercial commitments to
      make future payments of a type that would be typical for an operating
      company.  Man-AHL 130’s sole business will be trading futures
      contracts, forward currency and other OTC contracts, both long (contracts to
      buy) and short (contracts to sell), and investing in cash, cash equivalents
      and
      its investment in the Man-Glenwood Funds.  All of Man-AHL 130’s
      futures, forward and OTC contracts, other than certain currency forward
      contracts, will be settled by offset, not delivery.  The substantial
      majority of such contracts will be for settlement within four to six months
      of
      the trade date and the substantial majority of such contracts will be held
      by
      Man-AHL 130 for less than four to six months before being offset or rolled
      over
      into new contracts with similar maturities.  Once Man-AHL 130 begins
      operations, Man-AHL 130’s annual audited financial statements will present a
      condensed schedule of investments setting forth net unrealized appreciation
      (depreciation) of Man-AHL 130’s open positions, both long and short, at fiscal
      year-end.




Item
      7A.  Quantitative and Qualitative Disclosures About Market
      Risk




Man-AHL
      130 had not yet commenced trading operations at March 31, 2007. Therefore,
      Man-AHL 130 was not subject to any quantitative or qualitative market risks
      during such period.




14




Item
      8.   Financial Statements and Supplementary Data




Financial
      statements required by this item, including the report of Deloitte & Touche
      LLP for the fiscal year ended March 31, 2007 and for the period April 14, 2005
      (date of inception) through March 31, 2006 are set forth below.






**REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**




To
      the
      Managing Member of


Man-AHL
      130, LLC:




We
      have
      audited the accompanying statements of financial condition of Man-AHL 130,
      LLC (the
      "Company") as of March 31, 2007 and 2006, and the related statements of
      operations, changes in member’s equity and cash flows for the year ended March
      31, 2007 and for the period April 14, 2005 (date of inception) through March
      31,
      2006.  These financial statements are the responsibility of the Company's
      management.  Our responsibility is to express an opinion on these financial
      statements based on our audits.




We
      conducted our audits in accordance with the standards of the Public Company
      Accounting Oversight Board (United States).  Those standards require that
      we plan and perform the audit to obtain reasonable assurance about whether
      the
      financial statements are free of material misstatement.  The Company is not
      required to have, nor were we engaged to perform, an audit of its internal
      control over financial reporting.  Our audits included consideration of
      internal control over financial reporting as a basis for designing audit
      procedures that are appropriate in the circumstances, but not for the purpose
      of
      expressing an opinion on the effectiveness of the Company's internal control
      over financial reporting.  Accordingly, we express no such
      opinion*.*  An audit also includes examining, on a test basis,
      evidence supporting the amounts and disclosures in the financial statements,
      assessing the accounting principles used and significant estimates made by
      management, as well as evaluating the overall financial statement
      presentation.  We believe that our audits provide a reasonable basis for
      our opinion.




In
      our
      opinion, such financial statements present fairly, in all material respects,
      the
      financial position of the Company as of March 31, 2007 and 2006, and the results
      of its operations, its changes in member’s equity, and its cash flows for the
      year ended March 31, 2007 and for the period April 14, 2005 (date of inception)
      through March 31, 2006, in conformity with accounting principles generally
      accepted in the United States of America.




Deloitte
      & Touche LLP




Chicago,
      Illinois


June
      15,
      2007




15





**MAN-AHL
                  130, LLC****(A
                  Delaware Limited Liability Company)****STATEMENTS
                  OF FINANCIAL CONDITION****March
                  31, 2007**
              **March
                  31, 2006****ASSETS**CASH
              $              10,000
              $              10,000TOTAL
              $              10,000
              $              10,000**LIABILITIES
                  AND MEMBER'S EQUITY**LIABILITIES
              $                       -
              $                       -MEMBER'S
                  EQUITY
              10,000
              10,000TOTAL
              $              10,000
              $              10,000See
                  notes to financial statements.








16






**MAN-AHL
                  130, LLC****(A
                  Delaware Limited Liability Company)****STATEMENTS
                  OF OPERATIONS****For
                  the Period****April
                  14, 2005****(date
                  of inception)****Year
                  ended**
              **through****March
                  31, 2007**
              **March
                  31, 2006**INVESTMENT
                  INCOME
              $                       -
              $                       -EXPENSES
              -
              -NET
                  INVESTMENT INCOME
              -
              -REALIZED
                  AND UNREALIZED GAIN ON INVESTMENTS
              -
              -NET
                  INCOME
              $                       -
              $                       -See
                  notes to financial statements.








17
 
  **MAN-AHL
                    130, LLC****(A
                    Delaware Limited Liability Company)****STATEMENTS
                    OF CHANGES IN MEMBER’S EQUITY**MEMBER’S
                    EQUITY—April 14, 2005 (date of inception)
                $                       -CAPITAL
                    CONTRIBUTION
                10,000MEMBER’S
                    EQUITY—March 31, 2006
                $              10,000CAPITAL
                    CONTRIBUTION
                -MEMBER’S
                    EQUITY—March 31, 2007
                $              10,000See
                    notes to financial statements.
     18
  **MAN-AHL
                    130, LLC****(A
                    Delaware Limited Liability Company)****STATEMENTS
                    OF CASH FLOWS****For
                    the Period****April
                    14, 2005****(date
                    of inception)****Year
                    Ended**
                **through****March
                    31, 2007**
                **March
                    31, 2006**CASH
                    FLOWS FROM FINANCING ACTIVITIES —Capital
                    contribution
                $                       -
                $              10,000Net
                    cash provided from financing activities
                -
                10,000NET
                    INCREASE IN CASH
                -
                10,000NET
                    CASH—Beginning of period
                10,000
                -NET
                    CASH—End of period
                $              10,000
                $              10,000See
                    notes to financial statements.


19


**MAN-AHL
      130, LLC**


**(A
      Delaware Limited Liability Company)**




**NOTES
        TO FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2007, AND FOR THE PERIOD
        APRIL 14, 2005 (DATE OF INCEPTION) THROUGH MARCH 31,
        2006**





**1.**
            **ORGANIZATION**




Man-AHL
      130, LLC (the “Company”) is a Delaware limited liability company designed as a
      structured managed futures product which offers investors enhanced yield and
      diversification benefits. The Company was formed on April 14,
      2005.  The Company was funded with an initial $10,000 investment from
      Man Investments (USA) Corp. (“MI USA”), its managing member, on May 10,
      2005.




On
      June
      28, 2005, the Company filed a registration statement under the Securities Act
      of
      1933 (the “1933 Act”) which registration statement was subsequently
      amended.  On February 1, 2007, the Company’s registration statement
      was declared effective by the SEC.




The
      Company expects to invest the majority of its capital into a managed futures
      program (the “AHL Diversified Program”). The Company’s objective in investing in
      the AHL Diversified Program is to recognize substantial profits while achieving
      diversification, as this program has had historically low correlation to
      traditional stock and bond portfolios. Additionally, the Company expects to
      invest a portion of its capital in one or both of the following registered
      investment companies: Man-Glenwood Lexington, LLC and Man-Glenwood Lexington
      TEI, LLC (collectively, “Man-Glenwood”). The Company will account for its
      investment in Man-Glenwood on an equity basis, including only the net asset
      value of such investment in the Company’s financial statements.




The
      Company’s managing member is MI USA, a Delaware corporation. MI USA is
      registered with the CFTC as a commodity pool operator and a commodity trading
      advisor, and is a member of the NFA. MI USA is also registered with the SEC
      as
      an investment adviser. MI USA is a subsidiary of Man Group plc, a diversified
      global financial services firm listed on the London Stock Exchange.




Man-AHL
      (USA) Limited manages the AHL Diversified Program. Man-AHL (USA) Limited is
      an
      affiliate of MI USA and a member of Man Group plc. Man-AHL (USA) Limited is
      registered with the Commodity Futures Trading Commission (“CFTC”) as a commodity
      trading advisor and is a member of the National Futures Association (“NFA”), in
      addition to registration with the Financial Services Authority in the United
      Kingdom.




The
      AHL
      Diversified Program clears its futures and forward trades exclusively through
      Man Financial Inc. and its affiliates (“Man Financial”), which are affiliates of
      MI USA, Man-AHL (USA) Limited and a member of Man Group plc.




Glenwood
      Capital Investments, L.L.C. (“GCI”) acts as an administrator to Man-Glenwood.
      GCI is an Illinois limited liability company and is registered with the CFTC
      as
      a commodity pool operator and commodity trading advisor and is a member of
      the
      NFA. GCI is also registered with the SEC as an investment adviser. GCI is an
      affiliate of MI USA, Man-AHL (USA) Limited and Man Financial, and is a
      subsidiary of Man Group plc.




Man-Glenwood
      achieve their investment objective through an investment in Man-Glenwood
      Lexington Associates Portfolio, LLC (the “Portfolio Company”), which allocates
      its capital among a series of “sub-funds.” GCI acts as an investment adviser to
      the Portfolio Company in addition to the services it provides to
      Man-Glenwood.




20




Man
      Investments Inc. (“MII”), an affiliate of MI USA, Man-AHL (USA) Limited, Man
      Financial and GCI, and a subsidiary of Man Group plc, will act as the Company’s
      selling agent.




The
      Company will pay MI USA a management fee at the rate of 0.75% per annum on
      the
      month-end net asset value of all outstanding units determined as of the end
      of
      each month (before the redemption of any units) and payable quarterly in
      arrears. The Company will pay Man-AHL (USA) Limited a management fee of 2%
      per
      annum on the notional value of Company’s allocation to the AHL Diversified
      Program (the “AHL Account”), which approximates the Company’s net asset value,
      calculated and paid monthly. In addition, Man-AHL (USA) Limited will be entitled
      to a monthly incentive fee of 20% of any “new net profits” attributable to the
      net asset value of the AHL Account, subject to a “high water mark.”




GCI
      receives a management fee of 1.75% of net assets per annum for investment
      advisory services provided to the Portfolio Company, calculated monthly and
      paid
      quarterly. Additionally, GCI receives an administrative fee of 0.25% of net
      assets per annum for administrative services to each Man-Glenwood fund,
      calculated monthly and paid quarterly.




MII
      receives an investor servicing fee of 0.50% of net assets per annum for the
      provision of investor services to Man-Glenwood, calculated monthly and paid
      quarterly.




The
      Company will pay MII a 1.25% per annum client servicing fee, calculated monthly
      and paid quarterly in arrears, on the month-end net asset value of certain
      units, subject to a maximum commission receipt to MII of 10% of the subscription
      price of each unit.




The
      Company has entered into an administration agreement with an independent third
      party to provide various services (such as administration, accounting,
      valuation, tax reporting and investor servicing). The cost of these services
      is
      currently estimated at 0.50% of net assets per annum.




The
      Company will not begin to accrue these fees until trading operations
      commence.




The
      Company currently intends to accept initial subscriptions for units during
      an
      initial offering period. After the Company begins operations, units will be
      offered on the first day of each month. Redemptions will be accepted quarterly,
      with a 45-day notice period. No more than 15% of the Company’s total outstanding
      units may be redeemed as of any given calendar quarter-end. If quarter-end
      redemptions are requested for more than 15% of the Company’s total then
      outstanding units, each redemption request will be pro rated so that no more
      than 15% of the Company’s total then outstanding units are redeemed. In the
      event that the Company receives redemption requests in excess of such 15%
      limitation for eight consecutive quarters, the Company will cease its trading
      and investment activities and will terminate as promptly as
      possible.




**2.**
            **SIGNIFICANT
                ACCOUNTING POLICIES**




The
      Company’s financial statements are prepared in conformity with accounting
      principles generally accepted in the United States of America. The preparation
      of financial statements requires the Company to make estimates and assumptions
      that affect the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements and
      the reported amounts of revenues and expenses during the period. Actual results
      could differ from those estimates.




The
      Company will value its Man-Glenwood investment at its net asset value, which
      approximates fair value, as provided by each Man-Glenwood fund.






21




The
      Company will record its transactions in futures and forward contracts, including
      related income and expenses, on a trade date basis. Open futures contracts
      traded on an exchange will be valued at market, which is based on the closing
      settlement price on the exchange where the futures contract is traded by the
      Company on the day with respect to which the Company’s net assets are being
      determined. Open forward contracts traded on the interbank market will be valued
      at their settlement price on the day with respect to which the Company’s net
      assets are being determined.




MI
      USA,
      or an affiliate, assumed organizational and offering costs of $55,000 and
      $462,785, respectively for the year ended March 31, 2007.  MI USA, or
      an affiliate, assumed organizational and offering costs of $67,400 and $651,600,
      respectively for the period April 14, 2005 (date of inception) through March
      31,
      2006.




**3.**
            **PARTNERSHIP
                TAXES**




Upon
      the
      admittance of a second member, the Company will be treated as a partnership
      for
      federal income tax purposes. As such, members are individually liable for the
      taxes on their share of the Company’s income or loss.




**4.**
            **CAPITAL
                STRUCTURE**




The
      Company expects to offer two classes of units of limited liability company
      interests (either Class A or Class B “Units”). These classes have substantially
      identical trading portfolios except that Class A Units are offered to taxable
      investors and invest in Man-Glenwood Lexington, LLC and Class B Units are
      offered to tax-exempt investors and invest in Man-Glenwood Lexington TEI, LLC.
      Additionally, separate series within each class will be issued to taxable and
      tax-exempt investors who participate in selling agent or registered investment
      advisor fee based investment or advisory programs. These series will not be
      subject to the investor servicing fee.




Each
      series of Units of each Class will be issued initially at $100 per
      Unit.  Class A Units will commence operations on or about April 1,
      2007.  The initial offering period for Class B Units will end June 30,
      2007, subject to extension until September 30, 2007, or earlier termination
      as
      designated by the Managing Member provided that Man-AHL 130 has received
      subscriptions for at least 10,000 Class B Units.  If subscriptions for
      at least 10,000 Class B Units have not been received during the initial offering
      period for such Units, the offering of the Class B Units will be terminated
      and
      subscription proceeds, together with any interest earned thereon, will be
      returned to the subscribers within five business days of the termination
      date.  Class B units will commence operations once the minimum amount
      of subscriptions for Class B Units has been received by Man-AHL 130; provided,
      however, that if less than 100 investors have subscribed for Class B Units
      during the initial offering period for such Units, the Managing Member may
      elect
      to terminate the offering of such Units, in which case Class B Units will not
      be
      issued, subscribers will be notified and subscription funds will be returned
      as
      above.  Following the initial issuance of a series’ Units, Units will
      be issued at the Net Asset Value per Unit of such series as of each
      month-end.




**5.**
            **SUBSEQUENT
                EVENTS**




Subsequent
      to March 31, 2007, MI USA contributed $14.99 million to the Company, which
      commenced trading on April 2, 2007.  Upon commencement of trading, MI
      USA was issued 150,000 Class A Units at $100 per Unit.




**6.**
            **NEW
                ACCOUNTING PRONOUNCEMENTS**




In
      June
      2006, the Financial Accounting Standards Board (“FASB”) issued FASB
      interpretation 48 (“FIN 48”), “Accounting for Uncertainty in Income Taxes.” This
      standard defines the threshold for recognizing the benefits of tax-return
      positions in the financial statements as “more-likely-than-not” to be sustained
      by the taxing authority and requires measurement of a tax position meeting
      the
      more-likely-than-not criterion, based on the largest benefit that is more than
      50 percent likely to be realized. FIN 48 is effective as of the beginning of
      the
      first fiscal year beginning after December 15, 2006. At adoption, companies
      must
      adjust their financial statements to reflect only those tax positions that
      are
      more-likely-than-not to be sustained as of the adoption date. As of March 31,
      2007, the Company does not believe there will be a material impact as a result
      from adopting FIN 48.






22




In
      September 2006, the FASB issued Statement on Financial Accounting Standards
      (“SFAS”) No.
      157,
“Fair Value Measurements.” This standard establishes a single authoritative
      definition of fair value, sets out a framework for measuring fair value and
      requires additional disclosures about fair value measurements. SFAS No. 157
      applies to fair value measurements already required or permitted by existing
      standards. SFAS No. 157 is effective for financial statements issued for fiscal
      years beginning after November 15, 2007 and interim periods within those fiscal
      years. The changes to current generally accepted accounting principles from
      the
      application of SFAS No. 157 relate to the definition of fair value, the methods
      used to measure fair value, and the expanded disclosures about fair value
      measurements. As of March 31, 2007, the Company does not believe the adoption
      of
      SFAS No. 157 will impact the amounts reported in the financial statements,
      however, additional disclosures may be required about the inputs used to develop
      the measurements and the effect of certain of the measurements reported on
      the
      statements of operations for a fiscal period.




******







Man-AHL
      130 had not yet commenced trading operations at March 31,
      2007.  Therefore, there is no material selected quarterly financial
      data responsive to Item 302 of Regulation S-K to report.




Item
      9.   Changes in and Disagreements with Accountants


on Accounting and Financial Disclosure




None.




Item
      9A.   Controls and Procedures




The
      Managing Member, with the participation of the Managing Member's principal
      executive officer and principal financial officer, has evaluated the
      effectiveness of the design and operation of its disclosure controls and
      procedures with respect to Man-AHL 130 as of the end of the fiscal year for
      which this Annual Report on Form 10-K is being filed, and, based on their
      evaluation, have concluded that these disclosure controls and procedures are
      effective.  There were no significant changes in the Managing Member’s
      internal controls with respect to Man-AHL 130 or in other factors applicable
      to
      Man-AHL 130 that could significantly affect these controls subsequent to the
      date of their evaluation.




Item
      9A(T).   Controls and Procedures




Not
      applicable.




Item
      9B.  Other Information




None.




PART
      III




Item
      10.   Directors, Executive Officers and Corporate
      Governance




(a,b)  Identification
      of Directors and Executive Officers




Man-AHL
      130 has no directors or executive officers.  Man-AHL 130 is controlled
      and managed by the Managing Member, although the Managing Member delegates
      futures trading responsibility to its affiliate, AHL, and various administrative
      responsibilities to the Administrator.  The Managing Member is
      responsible for maintaining the allocation percentages between the AHL
      Diversified Portfolio and the Man-Glenwood Funds as described
      herein.






23




Man
      Investments (USA) Corp., a Delaware corporation, serves as Managing Member
      with
      broad oversight over the operations and affairs of Man-AHL 130.  The
      Managing Member is registered with the CFTC as a commodity pool operator (“CPO”)
      and CTA and is a member of the NFA.  The Managing Member is also
      registered as an investment adviser with the SEC.  The Managing Member
      is a subsidiary of Man Group plc, which is listed on the London Stock Exchange
      and a constituent of the FTSE 100 index of leading UK stocks.




The
      principals and senior officers of the Managing Member as of March 31, 2007
      are
      as follows:




John
      Kelly, born 10/11/46.  Mr. Kelly is the President, Chief Executive
      Officer and a Director of the Managing Member and of Man Investments, which
      positions he has held since February 2002.  Mr. Kelly is currently
      listed with the NFA as a principal of the Managing Member and of Man Investments
      (as of February 2002).  In addition, he is registered as an associated
      person of the Managing Member since February 2002 and of Man Investments since
      March 2002.   As Chief Executive Officer, Mr. Kelly is
      responsible for the day-to-day operations of the Managing Member and Man
      Investments.  Mr. Kelly is also a member of the Board of Managers of
      the Man-Glenwood Funds and the Portfolio Company.  Since March 2006,
      Mr. Kelly is also the Chairman of the Board of Man Investments (Canada) Corp.,
      a
      registered limited market dealer, investment counsel and portfolio manager
      based
      in Toronto, Ontario (Canada).  Mr. Kelly has over 19 years’ experience
      in investment management.  He graduated from Southampton College of
      Technology and then went on to work for various industrial companies, attaining
      general manager and directorship positions.  In 1978, Mr. Kelly joined
      a business consultancy service as a general manager, specializing in investment,
      finance and aviation in the Gulf Region.  In 1987, he joined the Man
      Group as a Regional Manager in Bahrain where he was responsible for
      negotiations, corporate finance and marketing support for specialist financial
      products promoted jointly with major institutions in the region.  In
      1991, he became the Sales and Marketing Director of Man Investments and was
      responsible for managing sales and marketing globally for the Man Group until
      he
      moved to the United States in September 2001.




Michael
      Lozowski, born 9/4/53.  Mr. Lozowski is Vice President and a
      Director of the Managing Member, which position he has held since February
      2002,
      and will be responsible for making the allocation decisions of Man-AHL
      130.  In addition, since February 2002, Mr. Lozowski also is the
      Managing Director of Man-AHL (USA) Limited, with whom he is listed as a
      Principal and is registered as an associated person as of May
      2003.  Mr. Lozowski is also a Director of Man Investments Limited
      (“MIL”), an affiliated UK limited liability company that acts as an investment
      manager and CTA to non-US persons.  With MIL, Mr. Lozowski has
      particular responsibility for investment management.  Prior to this,
      Mr. Lozowski was a Director and President of Man-AHL (USA) Corp. from February
      1995 and June 1996, respectively, through July 2005 when Man-AHL (USA) Corp.
      dissolved.  Mr. Lozowski was the Corporate Finance Director of Man
      Management AG and affiliated companies in Switzerland from 1990 until December
      1995.  He joined the Man Group in November 1987 as Assistant
      Treasurer.  Before joining the Man Group, he worked at the Chase
      Manhattan Bank from March 1980 until November 1987 and at the National
      Westminster Bank from 1977 through March 1980.  After receiving a
      Master’s degree in Physics at University College, Oxford, he progressed to a
      Master of Science degree in Operational Research at the University of Sussex
      in
      England.




Steven
      Zoric, born 5/6/71.  Mr. Zoric is a Director, Vice President and
      Secretary of the Managing Member and Man Investments, which positions he has
      held since February 2002.  Mr. Zoric is Head of North American Legal
      and Compliance for the Man Investments Division of Man Group plc, which includes
      the Managing Member, Man Investments and Glenwood.  Mr. Zoric is also
      Vice President and Secretary and Chief Compliance Officer of Glenwood and
      Secretary and Chief Compliance Officer of the Man-Glenwood Funds and the
      Portfolio Company.  In addition, Mr. Zoric is a Director and officer
      of several other US Man Group companies, all of which are affiliates of the
      Managing Member.  Mr. Zoric joined the Man Group in July
      2001.  Prior to joining the Man Group, from April 1997 to October 1999
      and from August 2000 to July 2001, Mr. Zoric was an associate in the Financial
      Services Group of Katten Muchin Rosenman, a law firm based in
      Chicago.  From November 1999 to July 2000, Mr. Zoric was the Futures
      and Commodities Compliance Manager at Morgan Stanley & Co., Inc. in New
      York.  From April 1996 to April 1997, Mr. Zoric was an attorney in the
      Financial Services Group at Sidley & Austin (now known as Sidley Austin LLP)
      in Chicago.  Mr. Zoric received a B.A. in Political Science from
      Northwestern University in June 1992 and his J.D. with Honors from DePaul
      University College of Law in 1995.






24




Alicia
      Derrah, born 3/17/58.  Ms. Derrah is the Chief Financial Officer
      of the Managing Member and of Glenwood.  She is also the Principal
      Financial Officer of the Man-Glenwood Funds and the Portfolio Company and the
      FINOP for Man Investments.  Ms. Derrah joined the Managing Member in
      October 2005 and joined Glenwood in September 1992 and is responsible for their
      respective accounting and financial reporting functions.  From December
      1987 to August 1992, Ms. Derrah was employed by Arthur Andersen LLP as a senior
      auditor in the Financial Services division of the firm.  Ms. Derrah's
      clients included Glenwood, bank holding companies and capital markets
      institutions.




Prior
      to
      joining Arthur Andersen, Ms. Derrah was employed by The Sanwa Bank, Ltd., in
      its
      Chicago branch office, as an analyst in the corporate finance area.  In
      that capacity, Ms. Derrah worked primarily with local Fortune 500 companies
      and
      was responsible for both corporate credit analysis and continued business
      development.  Ms. Derrah is a C.P.A. and received a B.A. from Mundelein
      College.




Man
      Investments Holdings Inc., a Delaware corporation, is also a principal of
      the Managing Member, but does not participate in making trading or operational
      decisions for Man-AHL 130.  Man Investments Holdings Inc. is an
      indirect, wholly-owned subsidiary of Man Group plc.




(c)   Identification
      of Certain Significant Employees




None.




(d)   Family
      Relationships




None.




(e)   Business
      Experience




See
      Item
      10 (a,b) above.




(f)   Involvement
      in Certain Legal Proceedings




None.




(g)   Section
      16(a) Beneficial Ownership Reporting Compliance




Not
      applicable.




(h)   Code
      of Ethics




Man-AHL
      130 has no employees, officers or directors and is managed by the Managing
      Member.  The Managing Member has adopted an Executive Code of Ethics that
      applies to its principal executive officers, principal financial officer and
      principal accounting officer.  A copy of this Executive Code of Ethics may
      be obtained at no charge by written request to Man Investments (USA) Corp.,
      123
      N. Wacker Drive, 28th Floor, Chicago, Illinois 60606 or by calling: (312)
      881-6800 (ask for the Chief Legal Officer).




(i)   Audit
      Committee Financial Expert




Because
      Man-AHL 130 has no employees, officers or directors, Man-AHL 130 has no audit
      committee.  Man-AHL 130 is managed by the Managing
      Member.  Alicia Derrah serves as the Managing Member’s “audit
      committee financial expert.”  Ms. Derrah is not independent of the
      management of the Managing Member.  The Managing Member is a privately
      owned corporation and has no independent directors.






25




Item
      11.  Executive Compensation




Man-AHL
      130 has no directors, officers or employees.  None of the directors,
      officers or employees of the Managing Member receive compensation from Man-AHL
      130.  The Managing Member will receive a management fee of 1/12 of
      0.75% of the Net Asset Value of all outstanding Units at each month-end (a
      0.75%
      annual rate), calculated monthly and paid quarterly in arrears.  The
      AHL Diversified Program is operated by members of the Man Group, which will
      receive substantial compensation from Man-AHL 130 for doing
      so.  Man-AHL 130 will pay substantial brokerage commissions as well as
      administrative fees to Man Financial Inc., limited to no more than 3% of Man-AHL
      130’s average month-end Net Asset Value during each fiscal year, and clearing
      fees on forward trades to Man Financial Limited, an affiliate of the Managing
      Member.  The Man-Glenwood Funds are operated by members of the Man
      Group, which receive substantial compensation for doing so.  Man
      Investments Inc. receives an investor servicing fee for the provision of
      investor services to the Man-Glenwood Funds and will receive ongoing Client
      Servicing Fees from Man-AHL 130, as described herein.




Item
      12.   Security Ownership of Certain Beneficial Owners
      and Management and Related Stockholder Matters





(a)   Security Ownership of Certain Beneficial Owners




Other
      than as set forth below, Man-AHL 130 knows of no person who owns beneficially
      more than 5% of the Units of either Class.




(b)   Security Ownership of Management




As
      of
      June 1, 2007:




Title
                of class
            Name
                and address of beneficial owner
            Amount
                and nature of beneficial interest
            Percent
                of classClass
                A Units
            Man
                Investments (USA) Corp.
              123
                N. Wacker Drive
              28th
                Floor
              Chicago,
                IL 60606
            150,000
                Units (Series 1) held directly
            100%







(c)   Changes in Control




None.




(d)   Securities
      Authorized for Issuance Under Equity Compensation Plans




None.




Item
      13.   Certain Relationships and Related Transactions,
      and Director Independence




See
“Item
      10.   Directors, Executive Officers and Corporate
      Governance—(a,b)  Identification of Directors and Executive
      Officers and —(i)   Audit Committee Financial Expert,”
“Item 11.  Executive Compensation” and “Item
      12.  Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters.”  The Managing Member organized
      and controls Man-AHL 130.  The Managing Member and its affiliates are
      the primary service providers to Man-AHL 130.  None of the fees to be
      paid by Man-AHL 130 to the Managing Member or any affiliate were negotiated
      at
      arm’s-length.  For managing Man-AHL 130’s futures and forward trading,
      AHL, an affiliate of the Managing Member, charges a management fee of 1/6 of
      1%
      of the month-end notional value of Man-AHL 130’s AHL account (a 2% annual rate)
– approximately equal to Man-AHL 130’s Net Asset Value – calculated and paid as
      of the end of each calendar month and a monthly incentive fee of 20% of any
“new
      net profit,” as defined in the prospectus included in Man-AHL 130’s registration
      statement, attributable to Man-AHL 130’s AHL account.  Man Investments
      Inc., an affiliate of the Managing Member which serves as the lead selling
      agent
      for Man-AHL 130, will be entitled to a Client Servicing Fee equal to 1/12 of
      1.25% of the Net Asset Value of the Class A Series 1 and Class B Series 1 Units
      at each month-end (a 1.25% annual rate), calculated monthly and paid quarterly
      in arrears.  The Client Servicing Fee will not be charged against
      Class A Series 2 and Class B Series 2 Units, which are offered exclusively
      to
      (i) investors participating in selling agent asset-based or fixed-fee investment
      programs, or in investment advisors’ fee-based advisory programs, or (ii) direct
      institutional investors, including, but not limited to, certain tax-exempt
      employee benefit trusts, employee benefit plans, deferred compensation plans
      and
      individual retirement accounts that purchase Units through Man Investments
      Inc.  Man Investments Inc. is subject to the regulatory limitation
      that it not receive aggregate selling commissions (*i.e.*, the Client
      Servicing Fee) in excess of 10% of the sale price of all Units.  The
      Managing Member expects that a significant majority of the Client Servicing
      Fee
      received by Man Investments Inc. will be paid on to unaffiliated selling agents
      assisting with the placement of the Units.  The Portfolio Company,
      through which the Man-Glenwood Funds access the Sub-Funds, pays Glenwood a
      management fee at a rate of 1.75% per annum of the aggregate value of the
      Portfolio Company’s outstanding interests, calculated monthly and paid
      quarterly, and the Man-Glenwood Funds each pay Glenwood a 0.25% per annum
      administrative fee, similarly calculated.  Man Investments Inc.
      receives an investor servicing fee of 0.50% of net assets per annum for the
      provision of investor services to the Man-Glenwood Funds, calculated monthly
      and
      paid quarterly.  At March 31, 2007, none of the Managing Member or any
      of its affiliates had earned or received any fees or other income from Man-AHL
      130.






26




Item
      14.   Principal Accountant Fees and Services




(1)           Audit
      Fees




Man-AHL
      130 incurred no fees for professional services rendered by Deloitte & Touche
      LLP in connection with the audit of Man-AHL 130’s financial statements for the
      period April 14, 2005 (date of inception) through March 31, 2006 or in
      connection with the audit of Man-AHL 130’s financial statements for the year
      ended March 31, 2007.  Fees for such services were paid by the
      Managing Member or an affiliate.




(2)           Audit-Related
      Fees




There
      were no fees for assurance and related services rendered by Deloitte &
Touche LLP for the period April 14, 2005 (date of inception) through March
      31,
      2006 or the year ended March 31, 2007.




(3)           Tax
      Fees




There
      were no fees for professional services rendered by Deloitte & Touche LLP for
      tax compliance, advice or planning services for the period April 14, 2005 (date
      of inception) through March 31, 2006 or the year ended March 31,
      2007.




(4)           All
      Other Fees




None




(5)           Pre-Approval
      Policies




The
      board
      of directors of the Managing Member pre-approves the engagement of Man-AHL
      130’s
      auditor for all services to be provided by the auditor.




PART
      IV




Item
      15.   Exhibits
      and Financial Statement Schedules





(a)(1)   Financial Statements






27




The
      following are included with the Report of IndependentRegistered Public
      Accounting Firm dated June 15, 2007 included in Item 8 of Part II
      hereof:




Statements
      of Financial Condition


Statements
      of Operations


Statements
      of Changes in Member’s Equity


Statements
      of Cash Flows


Notes
                to Financial Statements for the year ended March 31, 2007 and for
                the
                period April 14, 2005 (date of inception) through March 31,
                2006




(a)(2)   Financial Statement Schedules




All
      Schedules are omitted for the reason that they are not required or are not
      applicable because equivalent information has been included in the financial
      statements or the notes thereto.




(a)(3)   Exhibits as required by Item 601 of Regulation S-K




The
      following exhibits are included herewith.




Designation                      Description




31.1                           Rule
      13a-14(a)/15d-14(a) Certification of Principal Executive Officer




31.2                           Rule
      13a-14(a)/15d-14(a) Certification of Principal Financial Officer




32.1                           Section
      1350 Certification of Principal Executive Officer




32.2                           Section
      1350 Certification of Principal Financial Officer




The
        following exhibit is incorporated by reference from the exhibit of the same
        number and description filed with Man-AHL 130’s Registration Statement (File No.
        333-126172) filed on June 28, 2005 on Form S-1 under the Securities Act of
        1933.
  3.01(i)                 Certificate
        of Formation of Registrant.
  The
        following exhibit is incorporated by reference from the exhibits of the same
        number and description filed with Amendment No. 3 to Man-AHL 130’s Registration
        Statement (File No. 333-126172) filed on April 17, 2006 on Form S-1 under
        the
        Securities Act of 1933.
  10.02
              Form
                  of Customer Agreement between the Registrant and Man Financial
                  Inc.
  The
        following exhibit is incorporated by reference from the exhibits of the same
        number and description filed with Post-Effective Amendment No. 5 to Man-AHL
        130’s Registration Statement (File No. 333-126172) filed November 29, 2006 on
        Form S-1 under the Securities Act of 1933.
  10.01
              Form
                  of Administration Agreement between Man-AHL 130 and the
                  Administrator.
  The
        following exhibits are incorporated by reference from the exhibits of the
        same
        number and description filed with Post-Effective Amendment No. 6 to Man-AHL
        130’s Registration Statement (File No. 333-126172) filed January 18, 2007 on
        Form S-1 under the Securities Act of 1933.
  1.01
              Form
                  of General Distributor’s Agreement between the Registrant and Man
                  Investments Inc.
  3.02
              Limited
                  Liability Company Agreement of the
                  Registrant. (amended)
  10.02(a)
              Addendum
                  to the Form of Customer Agreement between the Registrant and Man
                  Financial
                  Inc.
  10.03
              Form
                  of Trading Advisory Agreement between Registrant and
                  Man-AHL
 (amended)
              (USA)
                  Ltd.
  10.04
              Form
                  of Escrow Agreement among the Registrant, the Managing Member and
                  the
                  Escrow Agent.
  10.03
              Form
                  of Application and Power of Attorney. (amended)






28







SIGNATURES




Pursuant
      to the requirements of Section 13 or 15(d) of the Securities Exchange Act
      of 1934, the Registrant has duly caused this report to be signed on its behalf
      by the undersigned, thereunto duly authorized, on the 29th day of June,
      2007.




MAN-AHL
                130, LLC
              
              By:  Man
                Investments (USA) Corp.,
              Managing
                Member
              
              
              By:  /s/
                John M.
                Kelly
              John
                M. Kelly
              President





Pursuant
      to the requirements of the Securities Exchange Act of 1934, this report has
      been
      signed below by the following persons on behalf of the Managing Member of the
      Registrant in the capacities and on the date indicated.







Signature
            Title
                with
              Managing
                Member
            Date/s/John
                M.
                Kelly
            Presidentand
                Director
            June 29,
                2007John
                M. Kelly
            (Principal
                Executive Officer)/s/
                Alicia B.
                Derrah
            Chief
                Financial Officer
            June 29,
                2007Alicia
                B. Derrah
            (Principal
                Financial and Accounting Officer)/s/
                Michael
                Lozowski
            Vice
                President and Director
            June 29,
                2007Michael
                Lozowski/s/
                Steven
                Zoric
            Vice
                President, Secretary and
            June 29 ,
                2007Steven
                Zoric
            Director







(Being
      the principal executive officer, the principal financial officer and principal
      accounting officer, and a majority of the directors of Man Investments (USA)
      Corp.)




Man
      Investments (USA) Corp.


Managing
      Member of Registrant


June
      29,
      2007




By
      /s/John M.
      Kelly


John
      M. Kelly


President




**Supplemental
      Information Furnished With
      Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have
      Not
      Registered Securities Pursuant to Section 12 of the Act.**




As
      of March 31, 2007 and as of the date
      hereof, Registrant has not sent any annual reports or proxy statements to
      security holders.







29




EXHIBIT
      INDEX





The
      following exhibits are included herewith.




Designation                    Description




31.1                           Rule
      13a-14(a)/15d-14(a) Certification of Principal Executive Officer




31.2                           Rule
      13a-14(a)/15d-14(a) Certification of Principal Financial Officer




32.1                           Section
      1350 Certification of Principal Executive Officer




32.2                           Section
      1350 Certification of Principal Financial Officer




The
      following exhibit is incorporated by reference from the exhibit of the same
      number and description filed with Man-AHL 130’s Registration Statement (File No.
      333-126172) filed on June 28, 2005 on Form S-1 under the Securities Act of
      1933.




3.01(i)                 Certificate
      of Formation of Registrant.




The
      following exhibit is incorporated by reference from the exhibits of the same
      number and description filed with Amendment No. 3 to Man-AHL 130’s Registration
      Statement (File No. 333-126172) filed on April 17, 2006 on Form S-1 under the
      Securities Act of 1933.




10.02
            Form
                of Customer Agreement between the Registrant and Man Financial
                Inc.




The
      following exhibit is incorporated by reference from the exhibits of the same
      number and description filed with Post-Effective Amendment No. 5 to Man-AHL
      130’s Registration Statement (File No. 333-126172) filed November 29, 2006 on
      Form S-1 under the Securities Act of 1933.




10.01
            Form
                of Administration Agreement between Man-AHL 130 and the
                Administrator.




The
      following exhibits are incorporated by reference from the exhibits of the same
      number and description filed with Post-Effective Amendment No. 6 to Man-AHL
      130’s Registration Statement (File No. 333-126172) filed January 18, 2007 on
      Form S-1 under the Securities Act of 1933.




1.01
            Form
                of General Distributor’s Agreement between the Registrant and Man
                Investments Inc.




3.02
            Limited
                Liability Company Agreement of the
                Registrant.


(amended)




10.02(a)
            Addendum
                to the Form of Customer Agreement between the Registrant and Man
                Financial
                Inc.




10.03
            Form
                of Trading Advisory Agreement between Registrant and
                Man-AHL


(amended)
            (USA)
                Ltd.




10.04
            Form
                of Escrow Agreement among the Registrant, the Managing Member and
                the
                Escrow Agent.




10.03
            Form
                of Application and Power of
                Attorney.


(amended)









30